Quick Summary:
In the rapidly expanding global Hot Beverages (Coffee and Tea) market, it is crucial to stay informed on the latest industry trends, strategic market developments, and competitive movements. By 2030, the market is projected to reach an astounding US$1.2 trillion, indicating immense growth opportunities for businesses in the Coffee and Tea sector. Our in-depth market research report provides crucial insights that not only help you understand how the market is evolving, but also provide guidance on how to adapt your business strategy and succeed in this fast-growing market.
The detailed analysis within our report covers the most promising markets worldwide, including the established U.S. Market, estimated at $191.1 Billion, and emerging hotspots such as China, which is on track for a significant growth rate of 10.9% CAGR. Our report also includes a comprehensive analysis of the market presence and performance of prominent competitors, allowing you to align your strategy with the market leaders and capitalize on growth opportunities.
Global Hot Beverages (Coffee and Tea) Market to Reach $1.2 Trillion by 2030
The global market for Hot Beverages (Coffee and Tea) estimated at US$701.5 Billion in the year 2022, is projected to reach a revised size of US$1.2 Trillion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Coffee, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$742.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tea segment is readjusted to a revised 7.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $191.1 Billion, While China is Forecast to Grow at 10.9% CAGR
The Hot Beverages (Coffee and Tea) market in the U.S. is estimated at US$191.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$270.5 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.Select Competitors (Total 203 Featured) -
- Celestial Seasonings, Inc.
- Costa Limited
- Dilmah (Ceylon Tea Services PLC.)
- Harney & Sons
- JAB Holding Company
- Jacobs Douwe Egberts
- JDB (China) Beverages Ltd.
- Luigi Lavazza S.p.A.
- McCafé
- Nestlé S.A.
- R. Twining and Company Limited
- Segafredo Zanetti SpA
- Starbucks Corporation
- Strauss Group Ltd.
- Tata Global Beverages
- Tchibo GmbH
- Tim Hortons Inc.
- UCC Ueshima Coffee Co., Ltd.
- Unilever PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Hot Beverages (Coffee and Tea)?
What is the growth rate of the Global Market for Hot Beverages (Coffee and Tea)?
What is the forecasted size of the Global Market for Hot Beverages (Coffee and Tea)?
Who are the key companies in the Global Market for Hot Beverages (Coffee and Tea)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 354 |
| Published | December 2023 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 647.2 Billion |
| Forecasted Market Value ( USD | $ 965.6 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Celestial Seasonings, Inc.
- Costa Limited
- Dilmah (Ceylon Tea Services PLC.)
- Harney & Sons
- JAB Holding Company
- Jacobs Douwe Egberts
- JDB (China) Beverages Ltd.
- Luigi Lavazza S.p.A.
- McCafé
- Nestlé S.A.
- R. Twining and Company Limited
- Segafredo Zanetti SpA
- Starbucks Corporation
- Strauss Group Ltd.
- Tata Global Beverages
- Tchibo GmbH
- Tim Hortons Inc.
- UCC Ueshima Coffee Co., Ltd.
- Unilever PLC
